Tex. Gov't Code Section 1232.103
Issuance of Obligations for Equipment


(a)

The authority may issue and sell obligations for the financing of:

(1)

a lease or other agreement that concerns equipment that an executive or judicial branch state agency has purchased or leased or intends to purchase or lease; or

(2)

a package of agreements described by Subdivision (1) that involves one or more state agencies.

(b)

An obligation issued by the authority is payable under an agreement that may be in the nature of:

(1)

a lease under which the authority leases equipment from a vendor for sublease to the commission or another state agency;

(2)

a purchase by the authority of equipment and the lease of that equipment to either:

(A)

the commission for the benefit of a state agency; or

(B)

a state agency other than the commission;

(3)

a purchase by the authority of equipment and the sale of that equipment to a state agency on an installment payment basis; or

(4)

any similar agreement.

(c)

If an agreement is between the authority and a state agency or between a vendor and a state agency, the commission shall nevertheless perform its functions as purchasing agent for the state, with the funds obtained under this section used solely to finance the agreement. The board and the commission shall adopt a memorandum of understanding that defines the division of authority between the board and the commission.

(d)

A state agency may enter into a type of agreement described by this section to purchase or lease necessary equipment.

(e)

If a law requires a state agency to obtain the approval of another state agency or perform any other act before the agency may purchase or lease computer equipment, those requirements must be satisfied before the agency may enter into an agreement under this chapter. The authority shall adopt rules so that computer equipment may not be financed before the authority receives written proof that the requirements have been satisfied.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1232.103 — Issuance of Obligations for Equipment, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1232.­htm#1232.­103 (accessed Jun. 5, 2024).

1232.001
Short Title
1232.002
Purpose
1232.003
Definitions
1232.004
State Lease Fund Account
1232.005
Application of State Funds Reform Act
1232.051
Texas Public Finance Authority
1232.052
Composition of Governing Board
1232.053
Terms
1232.054
Grounds for Removal
1232.055
Board Member Training
1232.056
Officers
1232.057
Public Testimony at Board Meetings
1232.058
Compensation and Expenses
1232.059
Staff
1232.060
Conflict of Interest
1232.061
Information on Responsibilities of Board Members and Employees
1232.062
Separation of Policymaking and Management Responsibilities
1232.063
Equal Employment Opportunity
1232.064
Career Ladder
1232.065
Compliance with Laws Relating to Accessibility
1232.066
Board Authority
1232.067
General Powers
1232.068
Eminent Domain
1232.070
Information on Complaints
1232.071
Relationship to Previous Board
1232.072
Sunset Provision
1232.073
Negotiated Rulemaking and Alternative Dispute Resolution
1232.101
Issuance of Bonds for Certain State Agencies
1232.102
Issuance of Bonds for State Office Buildings
1232.103
Issuance of Obligations for Equipment
1232.104
Issuance of Obligations for Alternative Fuel Projects
1232.105
Aggregate Limit on Issuance of Obligations for Alternative Fuel Projects
1232.106
Evaluation of Application for Assistance with Alternative Fuel Projects
1232.107
Purchase of Obligations for Alternative Fuel Projects
1232.108
Legislative Authorization Required
1232.109
Authorization to Purchase Certain Real Property
1232.110
Specific Projects
1232.111
Certain Projects by Texas Department of Transportation
1232.112
Bond Review Board Approval
1232.113
Obligation Issuance Orientation
1232.114
Project Analysis
1232.115
Expenses Included in Principal Amount
1232.116
Manner of Repayment
1232.117
State Debt Not Created
1232.118
Order or Resolution Authorizing Issuance of Obligations
1232.119
Adoption and Execution of Instruments
1232.120
Exemption from Taxation
1232.121
Certification and Deposit of Proceeds of Obligations
1232.122
Commencement of Construction, Purchase, or Lease
1232.123
Investment of Bond Proceeds
1232.124
Preference for Texas Businesses
1232.201
Rent and Fees
1232.202
Contracts Contingent on Legislative Appropriations
1232.203
Lease of Space for Child Care Facility
1232.204
Leasing Preference
1232.205
Lease of Space to Outside Entities
1232.206
Property Conveyance
1232.1025
Issuance of Bonds for Military Facilities
1232.1026
Issuance of Bonds for Texas Bullion Depository Buildings
1232.1071
Issuance of Obligations for Financing Stranded Costs of Municipal Power Agency
1232.1072
Issuance of Obligations for Financing Customer Rate Relief Property
1232.1115
Certain Construction and Repair Projects and Equipment Purchases
1232.1116
Certain Maintenance, Improvement, Repair, and Construction Projects
1232.1191
Delegation of Authority
1232.1221
Commencement of Certain Multiyear Cancer-related Projects

Accessed:
Jun. 5, 2024

§ 1232.103’s source at texas​.gov